Hasbro Seeks to Recover Tariffs Following Supreme Court Ruling
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy HAS?
Source: seekingalpha
- Tariff Recovery Initiative: Hasbro (HAS) is reportedly seeking to recover tariffs paid to the U.S. government under the International Emergency Economic Powers Act, following last week's U.S. Supreme Court decision, indicating the company's proactive response to legal outcomes.
- Significant Tariff Costs: The company incurred tariff costs of up to $60 million between April 2025 and February 2026, with an average tariff rate of 25%, which has placed considerable financial strain on its supply chain and impacted overall profitability.
- Industry Trend: Hasbro is not alone in this endeavor, as many U.S. companies reliant on overseas production are also attempting to recover billions in tariffs collected over the past year, reflecting a common challenge faced across the industry.
- Market Competitive Landscape: Hasbro is performing strongly in the toy market this year, particularly in contrast to Mattel, which has seen a decline due to sluggish holiday quarter results, highlighting Hasbro's relative advantage in the competitive landscape.
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Analyst Views on HAS
Wall Street analysts forecast HAS stock price to fall
9 Analyst Rating
7 Buy
1 Hold
1 Sell
Moderate Buy
Current: 99.050
Low
90.00
Averages
95.71
High
100.00
Current: 99.050
Low
90.00
Averages
95.71
High
100.00
About HAS
Hasbro, Inc. is a game, intellectual property (IP) and toy company. The Company delivers play experiences to kids, families, and fans around the world, through physical and digital games, video games, and toys, among others. Its Consumer Products segment engages in the sourcing, marketing and sales of toy and game products around the world. Its Wizards of the Coast and Digital Gaming segment engages in the promotion of the Company's brands through the development of trading cards, role-playing and digital game experiences based on Hasbro and Wizards of the Coast games. Its Entertainment segment engages in the development and production of Hasbro-branded entertainment content, including film, television, children’s programming, digital content and live entertainment focused on Hasbro-owned properties. Its portfolio of brands includes MAGIC: THE GATHERING, DUNGEONS & DRAGONS, MONOPOLY, HASBRO GAMES, NERF, TRANSFORMERS, PLAY-DOH and PEPPA PIG, as well as premier partner brands.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Significant Tariff Costs: The company incurred tariff costs of up to $60 million between April 2025 and February 2026, with an average tariff rate of 25%, which has placed considerable financial strain on its supply chain and impacted overall profitability.
- Industry Trend: Hasbro is not alone in this endeavor, as many U.S. companies reliant on overseas production are also attempting to recover billions in tariffs collected over the past year, reflecting a common challenge faced across the industry.
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- Market Reaction Anticipation: Such executive sell-off actions could lead to a decline in investor confidence in HPREMIUM, potentially affecting stock performance, especially in the current market environment where investors are highly sensitive to corporate governance and executive behavior.
- Shareholding Structure Change: Following this sale, Cocks' ownership stake will significantly decrease, which may impact his influence in company decisions and potentially affect the strategic direction of the company.
- Investor Focus: The market will closely monitor HPREMIUM's subsequent financial performance and further actions from executives to assess the potential long-term impacts of this sell-off on the company's development.
See More
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- Lawsuit Background: Following the U.S. Supreme Court's ruling that President Trump unlawfully imposed emergency tariffs, FedEx (FDX) was sued on February 27, seeking refunds for potentially millions of customers who paid improper duties, indicating significant legal exposure for the company.
- Refund Commitment: FedEx stated that if ordered to issue refunds, it would reimburse the shippers and consumers who originally incurred those charges; however, the lawsuit claims this promise lacks legal enforceability, potentially undermining the company's reputation and customer trust.
- Scale of Litigation: The class action lawsuit filed in Miami, Florida, involves customers who paid duties on imported goods that should have been exempt, highlighting the complexities FedEx faces in navigating tariff-related issues.
- Industry Impact: In addition to FedEx, over 2,000 companies are suing the federal government in the U.S. Court of International Trade for tariff refunds, indicating a widespread legal challenge that could expose more businesses to similar litigation risks.
See More
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- Supreme Court Ruling Impact: The U.S. Supreme Court ruled 6-3 that Trump lacked authority to impose tariffs under the International Emergency Economic Powers Act, raising significant concerns about potential refunds for duties already paid, which could affect billions in tariff revenue.
- Corporate Refund Requests: Toy manufacturer Hasbro (HAS) is reportedly seeking to recover tariffs paid between 2025 and 2026 following the Supreme Court's decision, highlighting a wave of companies attempting to reclaim duties, indicating strong corporate reactions to the ruling.
- Trump's Strong Opposition: In a social media post, Trump expressed that the ruling could allow for hundreds of billions in refunds, deeming it unjust for countries and companies that have “ripped off” the U.S. for decades, reflecting his dissatisfaction and the ruling's potential economic implications.
- Possibility of Rehearing: Trump questioned the possibility of a rehearing of the case in his post, indicating his desire to pursue legal avenues to overturn the ruling and protect U.S. economic interests and tariff policies.
See More
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- Tariff Recovery Initiative: Hasbro (HAS) is reportedly seeking to recover tariffs paid to the U.S. government under the International Emergency Economic Powers Act, following last week's U.S. Supreme Court decision, indicating the company's proactive response to legal outcomes.
- Significant Tariff Costs: The company incurred tariff costs of up to $60 million between April 2025 and February 2026, with an average tariff rate of 25%, which has placed considerable financial strain on its supply chain and impacted overall profitability.
- Industry Trend: Hasbro is not alone in this endeavor, as many U.S. companies reliant on overseas production are also attempting to recover billions in tariffs collected over the past year, reflecting a common challenge faced across the industry.
- Market Competitive Landscape: Hasbro is performing strongly in the toy market this year, particularly in contrast to Mattel, which has seen a decline due to sluggish holiday quarter results, highlighting Hasbro's relative advantage in the competitive landscape.
See More
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- Market Volatility: On Friday afternoon, consumer stocks exhibited mixed performance, indicating divergent views among investors regarding the consumer goods sector, which may reflect uncertainty about the economic outlook.
- Selective Industry Preference: While overall consumer stocks showed mixed results, certain sub-sectors like consumer staples may attract investor interest, suggesting that defensive stocks remain appealing in uncertain economic conditions.
- Investor Sentiment: The volatility in the market may lead investors to adopt a more cautious approach when selecting consumer stocks, especially ahead of upcoming economic data releases, which could influence short-term trading strategies.
- Future Outlook: As economic data gradually becomes available, investors may reassess the investment value of consumer stocks, particularly in the context of inflation and interest rate changes, which could impact consumer spending and corporate earnings.
See More
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- Tariff Policy Reversal: The U.S. Supreme Court ruled 6-3 to strike down Trump's tariffs, stating that the current law does not authorize the President to impose such duties, potentially obligating the U.S. government to refund over $175 billion to importers, undermining Trump's economic policy foundation.
- New Tariff Implementation: Following the ruling, Trump announced a new global 10% tariff, which he raised to 15% the next day, provoking strong backlash from Congressional Democrats and international trading partners, which could disrupt trade negotiations with countries like India.
- Market Reaction: Although the court's decision surprised Wall Street, stocks rose after the ruling, helping major indexes finish the week positively; however, stock futures fell this morning as investors weighed the implications of Trump's new tariff policy.
- Airline Industry Impact: A blizzard warning in the Northeast led to 15% of scheduled U.S. flights being canceled on Monday, as airlines faced operational challenges during the busy winter holiday period, highlighting the direct economic impact of extreme weather conditions.
See More
